Asian markets mixed ahead of Fed report, U.S. jobs data

Asian stock markets were mixed Tuesday ahead of updates on U.S. employment amid fears of a possible global recession.

Coming off a year of big declines for major stock markets, traders worry the Federal Reserve and other central banks that have raised interest rates repeatedly to cool inflation might be willing to push the world into recession.Coming off a year of big declines for major stock markets, traders worry the Federal Reserve and other central banks that have raised interest rates repeatedly to cool inflation might be willing to push the world into recession.

The Shanghai Composite Index SHCOMP gained 0.6% and the Hang Seng HSI in Hong Kong added 1.3%. Japanese markets were closed for a holiday. Sydney’s S&P/ASX 200 XJO lost 1.3% after Australian house prices fell 1.1% and an index of manufacturing activity decline. Stocks in Singapore STI declined while those in Jakarta JAKIDX advanced. New Zealand markets were closed for a holiday.

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